Marine Nutraceutical Market Size 2024 Global Industry Share, Top Players, Opportunities And Forecast To 2034
According to the latest analysis, the global marine nutraceutical market value is projected to increase from US$ 3,965.4 million in 2024 to US$ 9,606.7 million by 2034. Over the next decade, global marine nutraceutical demand will likely rise at a CAGR of 9.3%.
Multiple factors are expected to stimulate growth of the
marine nutraceutical industry during the assessment period. These include:
- Growing
awareness about the potential health benefits of marine nutraceuticals
- Increasing
demand for functional foods and dietary supplements containing marine
ingredients
- Rising
interest in preventive healthcare
- Growing
geriatric population and expanding usage of marine nutraceuticals in
cosmetic and personal care products
- Growing
internationalization, development of innovative products, and spreading
awareness about the merits of marine nutraceuticals
With growing health and wellness awareness, consumers are
seeking functional foods that offer additional health benefits beyond basic
nutrition. This is expected to drive demand for marine nutraceuticals during
the forecast period.
Marine ecosystem provides an extensive range of bioactive
compounds like vitamins, minerals, proteins, peptides, carotenoids, collagens,
amino acids, and probiotics. These compounds have numerous claims in
probiotics-fortified foods, protein supplements, dietary supplements, etc.
Marine nutraceuticals combine the nutritional benefits of
marine ingredients with specific bioactive compounds. They have drawn attention
for their potential to support a variety of health conditions, including heart
health, cognitive performance, and mental wellness.
Marine nutraceuticals are becoming highly popular across
industries like food & beverages and dietary supplements. This is because
these players recognize marine-based compounds’ potential to meet consumer
demands for natural and effective solutions.
Growing scientific studies support the effectiveness and
safety of marine bioactive compounds derived from marine sources. Industry
players are utilizing this scientific information to create novel products with
proven health benefits.
For instance, in 2021, Rousselot introduced Marine collagen
peptides named Peptan® sourced from 100% wild-caught marine white fish.
Development of such novel products will likely foster market growth during the
assessment period.
Information Source:
https://www.futuremarketinsights.com/reports/marine-nutraceutical-market
Key Takeaways from the Marine Nutraceutical Market
Report:
- The
global marine nutraceutical marketis expected to total US$
9,606.70 million by 2034.
- Based
on active compounds, the fatty acid segment is set to reach a valuation
of US$ 4,150.0 million by 2034.
- By
product type, functional foods segment will likely exhibit a 6%
CAGR through 2034.
- North
America is projected to account for a global market share of 8% by
2034.
- Revenue
in the United States is projected to total US$ 2,545.1 million by
2034.
- India
will likely register a CAGR of 5% from 2024 to 2034.
“Exploration of possible pharmaceuticals and
nutraceuticals from marine resources is receiving substantial attention.
Marine-based nutraceuticals are gaining popularity due to their distinctive
qualities, which are lacking in terrestrial resources.” – says
a lead analyst at Future Market Insights (FMI)
Who is Winning?
Nestle S.A., Rousselot, Aditivos Group (KEMTIA), GFR Pharma,
Amway Corp., General Mills Inc, Standard Functional Foods Group Inc., Abbott
Laboratories, Roquette Kloetze, AlgaNovo International Co., Ltd, Yigeda
Bio-Technology Co., Ltd, EID Parry, BASF, Natural Beta Technologies, Cyanotech,
Mera Pharma, BioReal, and others are key marine nutraceutical manufacturers
listed in the report.
These companies are focusing on expanding their portfolios
by introducing new products. They also use sustainable sourcing practices as
well as employ strategies like facility expansions, advertisements, mergers,
collaborations, partnerships, and acquisitions to stay relevant in the market.
For instance,
- In
2023, Amway introduced a new range of Nutrilite Advanced Omega and
Nutrilite Omega sourced from sustainable fish oil.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides
an unbiased analysis of the global marine nutraceutical market presenting
historical demand data (2018 to 2022) and forecast statistics for the period
from 2023 to 2034.
The study incorporates compelling insights on the marine
nutraceutical industry based on active compounds (fatty acids, vitamins,
minerals, carotenoids and marine collagen), product type (functional foods,
probiotics fortified foods, omega fatty acid fortified foods, functional
beverages, energy drinks, health drinks, fortified juices, dietary supplement,
protein supplements, vitamins and minerals, herbal supplements), form
(capsules, liquids, tablets, powder, and granules), and sales channel (indirect
sales/B2C, pharmacies/drugstores, modern trade channels, and online retailing)
across various regions.
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